SRILANKA TODAY

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Wednesday, June 3, 2009

Pakistan open for private sector to involve infrastructure projects

Asia News -Pakistan

Pakistan open for private sector to involve infrastructure projects
President Asif Ali Zardari on Tuesday advised the government to consider developing a new model for undertaking big infrastructure projects by involving private sector banks through equity sharing. He made this observation during a briefing on the public sector development projects for the current year 2009-10.
The President said that the new model may be tested on an experimental basis and if it proved workable it may be replicated.
President Asif Ali Zardari said that due to pressure on equity with the government the private sector may be induced for equity participation in the infrastructure projects.
He said that by adopting this model new avenues could be opened for undertaking new developmental projects more aggressively.